LTC - falling wedge pattern.

Mar 17, 2018

LTC/USD is forming falling wedge pattern.

All in place:

**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)

Credit - Thomas N. Bulkowski


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This information is not a recommendation to buy or sell.

Mar 18, 2018

Note

Touching support line

Mar 18, 2018

Note

Wedge broken downwards

Mar 18, 2018

Note

LTC/BTC broke massive rising wedge on daily chart. Be ready for drop to continue.

Mar 19, 2018

Note

Back to the wedge. False breakout.

Mar 20, 2018

Note

Touching resistance line. We are exactly 60% of the way to wedge apex - place where breakout usually happens.

Mar 21, 2018

Note

Wedge broken.Now let's see if LTC reach oyr target 227$

Mar 22, 2018

Note

Bullish flag

Mar 22, 2018

Note

or early H&S

Mar 25, 2018

Note

H&S turned to be descending triangle

Probably LTC going down